US Judge Rules Mt Gox Class Action Can Continue Against Mizuho Bank
A US district judge has rejected a claim by Mizuho Bank that a class action lawsuit related to its relationship with failed bitcoin exchange Mt Gox should be moved to Japan. Once the largest global bitcoin exchange, Tokyo-based Mt Gox collapsed in 2014, eventually filing for bankruptcy. Since then, the exchange, and its founder and CEO Mark Karpeles, have been embroiled in a lawsuits from customers seeking to recover millions in customer funds that remain unaccounted for. Mizuho was first named as a defendant in a class action lawsuit brought by former exchange users in March 2014 as it....
Related News
A US Court has dismissed the appeal filed by Mizuho Bank against Mt Gox customers' class action lawsuit. Mizuho Bank recently found itself in a legal trouble after its association with defunct Bitcoin exchange Mt. Gox was recognized by a US court. The bank’s name surfaced in the notorious Bitcoin theft case when some of its victims claimed that their withdrawal requests was denied by the Japanese bank. The Mt. Gox victims, on the grounds of denial of rightful requests by Mizuho, later filed a class action lawsuit against the bank. According to the lawsuit, Mizuho Bank intentionally wreaked....
A US judge largely denied a bid last week by Mizuho Bank to dismiss charges filed against it in a class action lawsuit tied to the collapse of defunct bitcoin exchange Mt Gox. In a court order dated 26th August, US District Judge Gary Feinerman ruled Mizhuo should face charges related to unjust enrichment and fraudulent concealment in connection with the exchange's failure. Despite claims by the bank it had no formal business relationship with Mt Gox, Feinerman found the parties had a "transactional relationship". The order is the latest to speak to the complex dealings between....
An interesting development is taking place in the infamous Mt. Gox lawsuit, as Mizuho Bank has been accused of not revealing the full extent of the problems faced by Mt. Gox from American depositors. Mizuho Bank had claimed it would be too difficult for their lawyers to handle the Bitcoin exchange case outside of Japan and tried to shed off any responsibility due to the alleged lack of jurisdiction. But what does this mean for affected Mt. Gox users? The Role of Mizuho Bank In Mt. Gox. Very few people are aware of how Mizuho Bank was responsible for managing all of the American fiat....
A 2014 class action lawsuit by plaintiffs in Canada against defunct bitcoin exchange Mt. Gox has been dismissed. The law firm representing Canadian plaintiffs in the class action against Mt. Gox, a now-defunct bitcoin exchange has revealed that the case will be dismissed. The class action lawsuit was originally brought to the Ontario Superior Court of Justice against MtGox Inc., Mt. Gox KK, Tibanne KK, Mt. Gox North America Inc., Mizuho Bank, Ltd., Mark Karpeles (CEO) and Jed Mccaleb (founder). The case sought $465 million ($500 million CAD) in compensation for Canadians who placed their....
An effort to bring a class action lawsuit against defunct bitcoin exchange Mt Gox has been dismissed in Canada, according to a notice posted by Charney Lawyers PC today. Launched in 2014, the class action sought to recover damages plaintiffs lost in the exchange’s collapse, an effort that continues in the US. Now, the Ontario Superior Court of Justice has ruled that claims against Mt Gox Inc, Mt. Gox KK, Tibanne KK, Mt Gox North America Inc, Mizuho Bank as well as Mt Gox CEO Mark Karpeles and founder Jed Mccaleb will not proceed. Sources close to the lawsuit report that the bid proved....